Moonves, who has been accused of inappropriate conduct in incidents that happened more than two decades ago, was reportedly offered somewhere in the neighborhood of $100 million by the board, the outlet reports.
Moonves, who has remained in charge despite the allegations against him, signed an employment contract in May 2017 that provides for a severance package worth almost $180 million if he is removed without cause.
Russia May Soon Attack US Military Base In Occupied Syria
His response came after suspected Russian planes on Tuesday carried out airstrikes in the rebel-held targets in Idlib province. One of the captive said they were trained by USA instructors and received weapons and ammunition from the U.S. base.
However, in July, the New Yorker's Ronan Farrow published an article that detailed allegations by six women against Moonves who claim they were sexually harassed and intimidated by Moonves.
The CNBC report states that CBS COO Joe Ianniello would be named interim CEO, if the company is able to negotiate Moonves's exit.
The Journal also reports that the independent directors are seeking an assurance that CBS parent National Amusements won't seek to combine CBS with sibling company Viacom, something Moonves has long resisted. "I always understood and respected - and abided by the principle - that "no" means 'no, ' and I have never misused my position to harm or hinder anyone's career", he said in a statement to The New Yorker.
Powerful quake injures at least 20 in northern Japan
NHK broadcasting put the death toll at eight people, including six in the township of Atsuma, where landslides engulfed homes. At least two people were reported killed - and dozens missing - when a major quake struck northern Japan early Thursday.
FBN's Charlie Gasparino discusses how CBS CEO Les Moonves is negotiating his exit from the company. CBS, led by Moonves, has opposed the move.
Sources close to the talks tell CNBC that the board "wants the rights to claw back some of the compensation if it's determined that sexual harassment allegations against Moonves are confirmed".
A spokesperson for CBS Corporation declined to comment.
Turkey to open Paraguay embassy after policy shift on Jerusalem
Palestinian Foreign Minister Riyad al-Maliki announced that the Palestinian Authority would " immediately " open an embassy in Paraguay .